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Boolarra is a small township located in the Latrobe Valley, in central Gippsland, Victoria, Australia. At the 2006 census, Boolarra had a population of 528 (The postcode area had a population of 1119 which includes the nearby town of Yinnar). The Boolarra Folk Festival is held in the town every year in March and attracts music lovers from around Australia and the world. Boolarra is also infamous for producing the Boolarra strain of carp (Cyprinus carpio) which, after their release into the Murray River near Mildura, spread throughout Australia. Modernisation of farming and improved transport links have brought changes to many small rural towns, with car travel to the larger commercial centres in the Latrobe Valley increasing. Boolarra, no longer a centre, has settled down to become an attractive town with a friendly rural atmosphere. Today a large fish farm exports goldfish to the national market. Farming is still important, as is Timber, which is harvested from plantation forests in the hills. There has been an influx of new residents, retirees and young families from the city. The old railway line, closed in 1974, has become an attractive Rail ‑Trail bush walk from Boolarra to Mirboo North. The Old Boolarra Pub has been restored. There are two general stores in Boolarra today, numerous sporting clubs use the recreational facilities of the Memorial Park, a modern school and kindergarten provide excellent educational facilities, and an historical society has converted the Old Boolarra School into a museum to preserve the local heritage. In 2011, The Boolarra Australian Rules Football team, known as the Demons, won their first Mid-Gippsland premiership since 1997, defeating the Trafalgar Bloods.